Ainsworth Game Technology’s (AGI) Chief Executive Officer has announced his resignation, effective from Friday.
Lawrence Levy will step down from the helm of Ainsworth with Harald Neumann taking up the role from October 1, subject to regulatory approval.
Lawrence Levy is said to be stepping down for personal reasons, but led the company through what it described as challenging times.
Meanwhile, Chief Financial Officer Mark Ludski will take on the role of interim CEO until then to ensure leadership continuity and oversee the company’s operations.
“We are fortunate to be able to appoint Harald as our new CEO,” Chairman Danny Gladstone said.
“As the former successful CEO of Novomatic AG, our major shareholder, and a director of Ainsworth Game Technology, he brings a wealth of knowledge and experience to the role with a thorough understanding of Ainsworth,” Mr Gladstone said.
“He will be able to seamlessly transition to the new position.”
Mr Neumann will be based in Las Vegas, where the company hopes he will continue to drive growth and recovery.
Ainsworth Game Technology was up 7.60 per cent, trading at $1.17 at 3:35 pm AEST.
Source: The Market Herald